October 2014

Stock Markets Report 31st October

The world’s largest economy expanded more than expected in September as a report released showed that the US economy rose 3.5% in the last quarter, marking its strongest six months in a decade. A separate report released from the US Labour Department showed that fewer Americans filed applications for jobless benefits over the past month.

Meanwhile, exports in the US rose 7.8% in the last three months from 11.1% in the last quarter, while imports declined 1.7%.  Read more

Gold Declines as US Economy Expands

Gold prices slumped on Friday, falling to the lowest level since 2010 as the dollar strengthened amid signs that the US economy is expanding.

Bullion futures for immediate delivery fell by 2.6% to $1,167.49 an ounce, the lowest since July 2010. Silver slid 3% to $16.0009 an ounce. The stronger greenback rose to the highest in over six years, weighing negatively on the commodity.

Gold Futures for December delivery declined by 2.7% to $1,166.20 an ounce on the Comex in New York.  Read more

Stock Market Report 30th October

The global  stock market were seen rising on Thursday after the Federal Reserve (Fed) announced it will end its asset-purchasing program amid signs the world’s largest economy is strengthening.

The Federal Open Market Committee (FOMC) maintained its interest rates for ‘considerable time’ and said the labour market  had improved and signaled that underutilization of labour resources was slowly retreating.  Read more

Crude Falls on Stronger Dollar & Stockpiles Data

Crude prices retreated from its one-week high on Thursday; dragged lower by the stronger dollar after the Federal Reserve said it would end its asset-purchases program.

Futures for the North American West Texas Intermediate (WTI) for December delivery fell 0.33% to $81.93 per barrel on the New York Mercantile Exchange, while the European benchmark Brent for December settlement traded 0.18% lower to $86.26 a barrel on the London-based ICE Futures Europe exchange.  Read more